Repeal Bylaw of "City of White Rock Revitalization Program (Tax Exemption), 2010, Bylaw No. 1915," 2016, No. 2147

A bylaw that proposes to repeal the “City of White Rock Revitalization Program (Tax Exemption), 2010, Bylaw No. 1915.” 

NOTICE is hereby given pursuant to Section 137(1)(b) of the Community Charter, The City of White Rock Council will be considering “Repeal Bylaw of City of White Rock Revitalization Program (Tax Exemption), 2010, Bylaw No. 1915, 2016, No. 2147” at the regular meeting to be held Monday, June 27, 2016 at 7:00 p.m. in the City Hall Council Chambers located at 15322 Buena Vista Avenue, White Rock, B.C.

Council considered a corporate report regarding the City’s need for a Revitalization Program (Tax Exemption) Bylaw at the May 9, 2016 Regular Council Meeting.

The bylaw was intended to encourage revitalization, development and redevelopment within the Town Centre, Lower Town Centre and Waterfront Business Areas through a tax exemption on eligible properties. Subject to conditions, eligibility applies to alteration or expansion of existing improvements where construction value was at least $100,000 and new improvements with construction value of at least $1,000,000. Exemption eligibility was for a maximum of 5 years and limited to 100% of the increased assessed value attributed to the eligible improvement.

A full copy of the bylaw and the May 9, 2016 corporate report (item 5.2.6 of the regular agenda) may be inspected at the City Clerk’s Office at White Rock City Hall, 15322 Buena Vista Avenue, White Rock, BC, Monday to Friday between the hours of 8:30 a.m. – 4:30 p.m. or on the City’s website:  www.whiterockcity.ca

T. Arthur, City Clerk